ST. LOUIS — Commerce Bank has launched CashFlow Complete, a new online banking service to help business owners improve cash flow and efficiencies by automating the payment and invoicing process.
With the service, businesses can send invoices and accept payments electronically through credit card and by ACH (Automated Clearing House, an electronic network for financial transactions in the United States), helping businesses get paid more quickly. Business owners can manage approvals, see the status of payments, sync transaction information with their accounting software and pay their bills, all in one place.
Commerce has joined together with Bill.com to respond to a growing need among business customers for payment and invoice automation. Bill.com, a business payments provider, has a network of 2 million members who process $30 billion in payments annually.
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